St. Joe Company (The) (NYSE:JOE) posted its quarterly earnings data on Thursday. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. The business had revenue of $33.60 million for the quarter, compared to the consensus estimate of $25.80 million. St. Joe Company (The) had a net margin of 24.82% and a return on equity of 3.57%.
Shares of St. Joe Company (JOE) traded up $0.15 during midday trading on Friday, hitting $17.95. 315,446 shares of the stock were exchanged, compared to its average volume of 286,163. The firm has a market capitalization of $1,190.00, a PE ratio of 53.94 and a beta of 0.88. St. Joe Company has a 1-year low of $16.30 and a 1-year high of $21.90.
JOE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub downgraded shares of St. Joe Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th.
St. Joe Company (The) announced that its Board of Directors has approved a share buyback plan on Thursday, September 21st that allows the company to repurchase $66.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
St. Joe Company (The) Company Profile
The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.
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